News list for "katharine"

Katharine Neiss, chief European economist at PGIM Fixed Income, said the Bank of England needed to be more convinced that inflation was on a downward trend before it could cut interest rates more quickly. The Bank of England's 25 basis point cut on Thursday did not surprise anyone, but Governor Bailey was cautious amid geopolitical headwinds, particularly from the US. Neiss said the UK now faced more potential inflationary shocks, "starting with the UK budget, which is more expansionary and infl...

2024-11-07 23:41:28